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Audi Q8 to Launch on European Market in Third Quarter of 2018

Jun 11, 2018

The Audi Q8 is scheduled to be launched on the European market in the third quarter of 2018. Richly equipped, comprehensively connected and tough enough for off-road duty, it is a confident companion for business and leisure. Versatile, ...

Tags: European Market, Audi Q8

Mercedes-Benz to Invest €500m to Produce Electric Compact Car at French Plant

May 24, 2018

Mercedes-Benz Cars is extending its capacities for electric cars in Europe with an investment of about €500m to manufacture electric compact car at Hambach plant in France. The Hambach plant in France will produce a compact electric ...

Tags: Mercedes-Benz, Electric Compact Car

Smartphone Shipments Fall 2.4% Year-on-Year to 345 Million in Q1/2018

May 4, 2018

Global smartphone shipments fell by 2.4% year-on-year from 253.8 million units to 345.4 million units in first-quarter 2018, according to a report by the Strategy Analytics Wireless Smartphone Strategies (WSS) service. “The global ...

Tags: Smartphone shipments

Eurofins to Buy Covance Food Solutions From Labcorp for $670m

May 3, 2018

Eurofins Scientific has agreed to acquire Covance Food Solutions, the food testing and consulting business of global life sciences company LabCorp, for $670m. The global bioanalytical testing firm said that the acquisition will expand its ...

Tags: Eurofins, Covance Food

Hyundai Mobis to Test Self-Driving Car in US

Apr 24, 2018

South Korean automotive supplier Hyundai Mobis said it will soon test its autonomous car model, named M.BILLY, in Michigan, US. The testing will be for level 3 and level 4 autonomous driving system development. The company currently has ...

Tags: Self-Driving Car, Hyundai Mobis

Sonoco's Net Sales Increase 11.2% in Q1

Apr 24, 2018

Sonoco has reported net sales of $1.30bn for the first quarter of 2018, an increase of 11.2%, compared to $1.17bn from the last year’s quarter. Gross profits for the period stood at $250.6m, an increase of 12.4%, compared to $223m ...

Tags: Sonoco, Converted Products

Sonoco Acquires Us Firm Highland Packaging Solutions for $150m

Apr 16, 2018

Global packaging firm Sonoco has completed the acquisition of US firm Highland Packaging Solutions for about $150m. Highland Packaging, which is based in Plant City of Florida, provides thermoformed packaging for fresh fruits, vegetables ...

Tags: Sonoco, Packaging, vegetables

Tesla Misses out Model 3 Production Targets

Apr 10, 2018

Electric car-maker Tesla Motors has missed its Model 3 targets for the first quarter of this year. Last week it produced 2,020 of Model 3, against the target 2,500 vehicles. For the next week, the company forecasts to produce 2,000 ...

Tags: Tesla, Tesla Motors

Volkswagen of America Unveils Full Pricing of All-New 2019 Jetta

Apr 10, 2018

Volkswagen of America has announced full pricing of the all-new 2019 Jetta, which the company says raises the bar in the compact sedan class, with new technology features. Now based off the award-winning MQB platform, the 2019 Jetta ...

Tags: Volkswagen, 2019 Jetta

Twin Rivers Paper to Buy Mondi's Paper Mill in Arkansas, US

Apr 8, 2018

US-based Twin Rivers Paper has signed an agreement to acquire Mondi Group’s paper mill in Pine Bluff, Arkansas. Terms of the deal, which is expected to be completed in the second quarter of this year, have not been disclosed. Pine ...

Tags: Twin Rivers Paper, Paper Mill

Koenig & Bauer Achieves Targets for 2017

Mar 26, 2018

Koenig & Bauer has fully achieved or exceeded its guidance for 2017, driven by strong revenue and earnings in the fourth quarter. The printing press manufacturer’s consolidated figures show that with the increase in revenue, ...

Tags: Koenig&Bauer, packaging

Sonoco to Buy Highland Packaging Solutions for $150m

Mar 26, 2018

Packaging firm Sonoco has agreed to acquire US-based Highland Packaging Solutions for about $150m in cash. Based in Plant City of Florida, Highland Packaging manufactures thermoformed plastic packaging solutions for fresh produce and ...

Tags: Packaging, dairy products

Global Brands' Sales and Profits Increase in 2017

Mar 26, 2018

UK-based drinks manufacturer and distributor Global Brands has reported a 16% increase in its annual sales for the year ending 30 September 2017. The company's turnover was £42m for the financial year. Gross profit went up to ...

Tags: drinks, alcoholic drink

ExxonMobil Mulls New Gulf Coast Plastics Facility

Mar 22, 2018

ExxonMobil said that it will make a final investment decision later this year on a potential polypropylene production expansion along the US Gulf Coast. The company started detailed engineering work on a potential US Gulf Coast project to ...

Tags: ExxonMobil, Plastics

TricorBraun's Ecommerce Team Puts New Spin on Packaging with 360-Degree Images

Mar 22, 2018

Packaging Options Direct (POD), a division of global packaging solutions leader TricorBraun, has experienced a significant rise in website traffic and increased sales since the addition of 360-degree spin product images to its website. ...

Tags: TricorBraun, packaging

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